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May 12, 2016

12/05/2016: Nutreco reports higher results and good progress on sustainability

In 2015 Nutreco
reported higher financial results with net revenues of €5.7 billion
(2014: €5.3 billion) and an operating result of €282 million (2014: €236
million). Results improved in all of Nutreco’s segments: Animal
Nutrition, Aquafeed and Nutreco Iberia.

Nutreco made steady
progress against its sustainability objectives. It further strengthened
its supply chain through supplier audits, and embedded sustainability
key performance indicators into its business reporting model. The 2015
annual review was drafted according to the fourth generation of the
Global Reporting Initiative guidelines.

“2015 was in many ways a
special year for Nutreco. The financial results were very good across
all of our businesses. This confirms that we are increasingly successful
in translating our R&D and innovation capabilities into sustainable
nutritional solutions valued by our customers. With the acquisition of
US-based trace mineral producer Micronutrients we realised the
third-largest acquisition in our history, making Nutreco the category
leader in a specific feed additive segment,” said Knut Nesse, CEO of
Nutreco.

“In June we organised our 8th AgriVision conference in
the Netherlands, with close to 400 participants from over 40 countries.
But perhaps the most visible event was the delisting of Nutreco from the
Amsterdam stock exchange as a result of the take-over by SHV. We opened
a new chapter for Nutreco as a private company, while continuing our
'Driving sustainable growth' strategy with the full support of our new
shareholder.”

ResultsThe good financial performance in all of Nutreco’s
three segments was mainly the result of a more favourable product mix
and the contribution of Nutreco's acquisitions in Brazil, as well as
positive currency effects.

Animal Nutrition, primarily trading
under the Trouw Nutrition company brand, performed well despite
difficult market circumstances in the global swine and dairy sectors.
The increased focus on global products improved the performance of the
Selko feed additives brand.

In Aquafeed, trading under the
Skretting company brand, the salmon feed business performed strongly in
2015, and maintained its position as global market leader, although
there is still overcapacity in the main Norwegian market. In shrimp
feed, Ecuador reported strong organic growth.

Nutreco’s Iberian
business performed well on the back of a recovering Spanish economy.
Nanta, a producer of compound feed, reported growing volumes to
third-parties, while Sada, which specialises in poultry meat, benefited
from good performance during the high (summer) season.Read more on Nutreco Highlights HERE.

SustainabilityIn
2015 Nutreco further strengthened the sustainability of their supply
chain by auditing a total of 42 suppliers. All new direct suppliers
signed-off their commitment to comply with Nutreco’s Supplier Code of
Conduct.

Good progress was achieved in strengthening and
embedding into the quarterly reporting cycle measuring, monitoring and
controls around sustainability key performance indicators, such as CO2,
water, waste, energy use and lost time incidents.

In order to
ensure that Nutreco’s sustainability vision 2020 is realised and
sustainability targets are achieved, the internal Nuterra Standard was
developed with 115 compliance criteria for all of Nutreco’s operating
companies. This tool assists local managers on identifying where their
operations are situated with respect to Nutreco’s Vision 2020 targets
and where they can focus their sustainability activities to ensure
reaching the company's sustainability goals by year 2020.Read more on Nutreco’s progress on sustainability HERE.

GRI 4The
2015 review is Nutreco’s first annual review that has been drafted
according to the fourth generation of the Sustainability Reporting
Guidelines, as developed by the Global Reporting Initiative. This
confirms Nutreco´s continued commitment to reporting and transparency as
a private company.The full 2015 Annual Review is available online HERE.

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